NW CORPORATE RESULTS | Dollar figures in thousands, except per share. Expeditors International Logistics, freight forwarding Dec. 31 % 4th QTR...
Dollar figures in thousands,
except per share.
|Logistics, freight forwarding|
|COMMENT: Seattle-based Expeditors put up strong fourth-quarter and full-year numbers, but not quite strong enough for Wall Street. Analysts had forecast quarterly earnings of 34 cents a share. Expeditors came up 2 cents shy, and its stock Tuesday tumbled $3.85, or 8.6 percent, to $40.95. The shortfall was due in part to $4 million Expeditors spent complying with a Justice Department investigation of the industry. Other higher operating expenses also squeezed margins, and airfreight revenue grew less than analysts had anticipated.|